Technical Analysis – 26 October 2022
United States | Singapore | Hong Kong
Dover Corporation (DOV US)
- Shares edged up and closed at a one-and-a-half-month high with rising volumes. The 5dEMA crossed above the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 126.5, Target 131.5, Stop 124.0
Ingersoll Rand Inc (IR US)
- Shares closed above the 200dEMA with an increase in volume. The 5dEMA was about to cross the 200dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 48.5 Target 50.5, Stop 47.5
Bumitama Agri Ltd (P8Z SP)
- Shares edged up for 6 consecutive trading days with rising volumes. The 5dEMA crossed above the 20dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 0.58, Target 0.62 Stop 0.56
AEM Holdings Ltd (AWX SP)
- Shares closed above the 5dEMA with a jump in volume.
- MACD is about to turn positive, while RSI remains at an oversold level.
- Long – Entry 3.15, Target 3.35 Stop 3.05
China Coal Energy Co Ltd (1898 HK)
- Shares rebounded from the 200dEMA with a jump in volume. The 20dEMA cross below the 50dEMA.
- Both MACD and RSI are negative.
- Long – Entry: 6.50, Target: 7.00, Stop: 6.25
Genscript Biotech Corp (1548 HK)
- Shares formed a triangle pattern with rising volumes.
- Both MACD and RSI are constructive.
- Long – Entry: 18.5, Target: 20.5 Stop: 17.5
